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16.01.201501:34:15UTC+00Japanese yen prolongs advances against most major rivals

The Japanese yen stretched its early gains versus most major counterparts in Asian session Friday, as the Swiss National Bank’s sudden move to remove the currency cap on the Swiss franc against the euro, as well as lower oil prices, affected the investor sentiment.

Figures from the Ministry of Economy, Trade and Industry reflected Japan’s tertiary industrial activity rose to a seasonally adjusted 0.2% at 99.2.

The yen climbed to a one-month peak of ¥115.84 versus the US dollar from ¥116.14 and rose to a three-month high of ¥134.69 versus the euro from ¥135.05.

It also climbed more than 2 ½-month high of ¥96.74 versus the Canadian dollar from ¥97.07, and 2 ½-month high of ¥175.77 against the British pound from ¥176.31. 

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